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Songbird Estates (LSE:SBD) Cyclically Adjusted PS Ratio : (As of Jun. 20, 2024)


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What is Songbird Estates Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Songbird Estates Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Songbird Estates's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Songbird Estates Cyclically Adjusted PS Ratio Chart

Songbird Estates Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted PS Ratio
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Songbird Estates Semi-Annual Data
Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
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Competitive Comparison of Songbird Estates's Cyclically Adjusted PS Ratio

For the Real Estate Services subindustry, Songbird Estates's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Songbird Estates's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Songbird Estates's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Songbird Estates's Cyclically Adjusted PS Ratio falls into.



Songbird Estates Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Songbird Estates's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec13 is calculated as:

For example, Songbird Estates's adjusted Revenue per Share data for the fiscal year that ended in Dec13 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec13 (Change)*Current CPI (Dec13)
=0.523/99.2000*99.2000
=0.523

Current CPI (Dec13) = 99.2000.

Songbird Estates Annual Data

Revenue per Share CPI Adj_RevenuePerShare
200412 47.560 78.600 60.025
200512 86.876 80.300 107.324
200612 97.348 82.600 116.912
200712 134.539 84.500 157.944
200812 140.364 87.100 159.863
200912 2.490 88.900 2.778
201012 0.535 91.700 0.579
201112 0.466 95.000 0.487
201212 0.483 97.300 0.492
201312 0.523 99.200 0.523

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Songbird Estates  (LSE:SBD) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Songbird Estates Cyclically Adjusted PS Ratio Related Terms

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Songbird Estates (LSE:SBD) Business Description

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Songbird Estates PLC was incorporated on February 13, 2004 in England and Wales. The Company, through its subsidiary, Canary Wharf Group is engaged in property investment and development and is currently focused on the development of the Estate and an adjacent development to the east of Canary Wharf.

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